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    Author Topic: Who Buys Bitcoin When The Price is 100k$?  (Read 1329 times)
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    July 02, 2023, 03:28:48 PM
     #161

    When you buy Bitcoin hen the price is 100k$ then how much will you sell it back to make profit because at that time the price of Bitcoin might not exceed 100k$ and if the price didn't not exceed that amount you will become a loser in the business so how does the vendors do at that time?
    Or you buy at that time and thinking that it will go up to 200k$ but ironically, the price come below 100k$. What will be you faith/fate. Many companies stopped function last year because they accumulated a lot of Bitcoin when the price was high and they were thinking that the price would go up for them to sell them off and make their profit from there but instead the price of Bitcoin drastically come down very well. So the companies  enter bankruptcy and folded. So exchange are trying to avoid such mistakes, so that they can run a long journey.

    Will the price pass 100k$ next year 2024 for buys to make their gain?

    In short: yes. 2024 or 2025 but it will surpass 100k. Bitcoin can't be stopped and it's deflationary by design. And the time you'll have to wait for the gains depends on when you buy: on the way up during this cycle (until end of 2025 or earlier) or on the way down next cycle (2026-2029)? If you'll buy on the way down you'll have to wait at least 3 years to at least break even.
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